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Company Registration No. 12405908 (England and Wales)
REFORMED CHARACTERS LTD Unaudited accounts for the year ended 31 January 2024
REFORMED CHARACTERS LTD Unaudited accounts Contents
Page
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REFORMED CHARACTERS LTD Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,686 
- 
Current assets
Debtors
- 
829 
Cash at bank and in hand
973 
9,695 
973 
10,524 
Creditors: amounts falling due within one year
(50,751)
(44,902)
Net current liabilities
(49,778)
(34,378)
Net liabilities
(48,092)
(34,378)
Capital and reserves
Profit and loss account
(48,092)
(34,378)
Shareholders' funds
(48,092)
(34,378)
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 March 2024 and were signed on its behalf by
Daniel Hinde Director Company Registration No. 12405908
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REFORMED CHARACTERS LTD Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
REFORMED CHARACTERS LTD is a private company, limited by shares, registered in England and Wales, registration number 12405908. The registered office is 8 LALOR STREET, FULHAM, LONDON, SW6 5SR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 January 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 February 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
3 years
Adjustments to prior period
Please note the following adjustments have been made to the prior year comparative figure: - Expenditure allocated to cost of sales totaling £11,133 has been reallocated to operating expenses. - A corporation tax asset of £7,534 was previously reflected on the balance sheet. This has been reallocated to be reflected in the P&L of the business.
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REFORMED CHARACTERS LTD Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 February 2023
- 
Additions
2,249 
At 31 January 2024
2,249 
Depreciation
Charge for the year
563 
At 31 January 2024
563 
Net book value
At 31 January 2024
1,686 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
829 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
23,963 
22,198 
VAT
- 
(279)
Trade creditors
- 
1,536 
Loans from directors
25,108 
21,248 
Accruals
1,680 
199 
50,751 
44,902 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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